Transparency

Marathon promotes openness in all business dealings, accessibility of records and fiscal responsibility, especially through revenue flow, through cooperation and dialogue among producing countries and companies. Transparency and accountability are fundamental values guiding Marathon's business conduct and shape the foundation for sustainable development. Within its sphere of influence and where permitted by contracts, the Company strives for financial transparency.

At the World Summit on Sustainable Development in 2002, the Extractive Industry Transparency Initiative (EITI) was launched. Marathon supports this voluntary initiative to ensure that revenues from extractive industries contribute to sustainable development and the reduction of poverty. EITI encourages governments, extractive companies, international organizations, non-governmental organizations and others to work together voluntarily to develop a framework to promote transparency of payments and revenues via aggregated reporting.

Equatorial Guinea and Gabon, nations where Marathon has operations, have signed on to the EITI. Marathon has worked with the governments of these two countries, and with other oil companies with operations in these locations, toward implementing the EITI principles and full disclosure of revenues. The Company remains actively engaged in these and other efforts to encourage transparency as a means of improving governance in resource rich countries.